Good Morning, Good Evening, Good Afternoon, How are you all?
Are you having fun?
Everything should be like this.
As I told you in the last lecture, our last lecture was
lecture no.
Our real class will start today.
Lecture no. 1.
Sir, I am your GST master.
Although I don't consider myself a master of this subject,
I still consider myself a student of this subject.
Because if you start calling yourself a master, a teacher,
a professor, then it feels like your learning ends there.
And I don't want to end my learning so soon.
Just like you are a student of this subject,
I am also a student of this subject.
Let's start a new journey, about Goods and Services Tax,
GST.
Friends, you must have heard the name GST in your life.
GST means Goods and Services Tax.
What does it mean? When does it apply? Why does it apply?
When did it come?
Stop right now.
Before I start talking about GST,
I would like to talk about GST's father.
Sir, GST's father?
Sir, what are you saying?
Yes, friends.
First of all, let's discuss, ultimately, what is GST?
All you know is that it is a tax.
So, first of all, let's discuss what a tax is.
I have an idea, I know what a tax is.
But still, my job is to clear things from the basics.
Do you understand what a tax is?
Tax means a loan.
Or you can call it a tax.
Have you seen the movie, Lagaan?
They used to pay taxes.
Basically, what is a tax?
To run a country, the government needs money.
A country cannot run for free.
When Mr.
Modi comes, he says, everyone's support, everyone's
development, good days will come in the country, I will
bring good days.
We all clap at his words and are happy that our country,
which used to be called a golden bird, that golden bird
will be developed again.
That golden bird will fly in the open sky again.
But friends, to make that golden bird, we need money.
It will not come for free.
Ultimately, it is about money.
The flyovers that are being made in the country, schools,
hospitals, new schemes for the poor, the minimum support
price is going on, new schemes are being made for the
farmers, relief packages are being distributed, there is a
flood, there is a tsunami, the money that the government
has to give there, where will that money come from?
That money, you and I, decent people like us, give it as a
tax.
We give a small portion of our earnings to the government.
Now, this can be a small portion, it can also be a very big
portion.
It depends case to case.
We give a portion of our earnings to the government.
By giving this portion, we prove our participation in the
development of the country.
Take this Modi ji, this is my tax.
I want to give money to the government, so that the
government brings good days.
Modi ji says, thank you very much, all the best.
We have the requirement of such citizens.
He says, okay, it's a good thing.
So basically friends, what did you learn?
What is tax?
Basically, whatever you give a small portion of your
earnings to the government, by which the country runs.
The money required to run the country, which is taken from
the common citizens, now you can also call it the value of
living in the country.
That is called tax.
The collection of the tax, the money that is collected,
from that only, new schemes, new schemes, new developments
are made in our country.
I think everyone knows this point.
Everyone will understand this point.
Because since childhood, at school level, at college level,
we have studied all these things.
But still, it is my responsibility to clear all these
things.
Friends, the point of tax is clear.
What is tax?
Now friends, two parts of this tax are made.
This tax is divided into two parts.
One is direct tax.
Direct tax.
And the other one is indirect tax.
See, it is clear.
Can you see?
One is direct tax.
And the other one is indirect tax.
Direct tax.
From the name itself, it is clear that it is direct.
Money will be taken directly from you.
Direct tax.
What is the meaning of direct tax?
Friends, direct tax means that the person who is earning
money, the person who is earning money,
that person will directly go and deposit his money, his tax
to the government.
The person who is earning money, the person on whom this
tax is imposed, that person will directly go and deposit it
to the government.
On his behalf, he will not deposit any other tax.
He cannot recover that tax from anyone else.
The burden of this tax is a burden.
You earn money.
You have to give that money to your family.
You have to pay your child's fees with that money.
You have to make an investment.
But now that money is a little less.
Because you have to pay the tax for that money.
In a way, that burden is being imposed on you.
Whether you believe it or not, there is a little burden.
If I earn Rs.
25,000 and tomorrow someone comes to me and says that you
have to pay Rs.
1,000 tax every month.
There is a little burden on the heart.
Yes, we get happiness that we are a part of the progress of
the country.
But when a share of the income is reduced, it feels bad.
It feels like a burden.
So, this burden of tax,
if you are not able to shift it on another person, if you
are not able to shift it,
then it is called direct tax.
The person who earns money will pay the tax.
He cannot recover that tax from someone else.
For example, income tax.
Take this, income tax.
The person who earns income, that same person will go and
deposit a part of his income to the government as tax.
Can he recover that tax from someone else?
For example, you must have heard in newspapers or news
channels that Akshay Kumar paid a tax of crores and became
the highest income tax payer in India.
Film star Akshay Kumar, our Khiladi Kumar, became the
highest income tax payer in India.
Now, the income tax that he is paying, the income that he
is earning, a part of that income is being deposited by the
government.
He is depositing it.
He is depositing it directly.
He cannot recover that money from someone else.
If I am earning 100 crores a year, then I will have to
deposit 30 crores to the government.
I cannot recover that tax from someone else.
This is called direct tax.
Directly, you are being hit by the money.
Directly, you are being hit.
The burden of depositing tax cannot be shifted to someone
else.
This is called income tax.
Direct tax.
This is called direct tax.
Now, let's come to the second point, which is our indirect
tax.
It is exactly the opposite.
You have to pay tax, but the burden of it, the burden, the
burden, the burden, which you were not able to shift here,
you can shift here.
In the case of income tax, in the case of direct tax, the
money you used to earn, from that income, you had to
deposit money to the government in the form of tax, which
you could not recover from someone else.
Your income reduced so much.
You are earning 100 crores.
Even if you give tax of 30 crores, you are left with 70
crores.
But in this case, the indirect tax I am talking about, in
the case of indirect tax, you have to deposit tax, but you
can recover that tax from someone else.
Sir, this is a very good thing.
This is a very good thing.
I have to deposit tax,
I have to deposit tax, and I can recover that money from
someone else.
This is a very good thing.
Indirect tax.
This is what it is called, friends.
Directly, the burden will not fall on you to deposit tax.
You can recover that money from another party.
Sir, tell me one thing, when you are saying this, that we
can recover from another person, then tell me the name of
that decent person who is ready to recover.
I have to deposit tax.
If I am recovering that money from someone, then who is
that person?
Who is that decent person who is depositing tax on my
behalf?
I am bowing down to that person.
For me, that person is my God. He said, �I�ll offer
flowers, I�ll bow my head to such a person, sir, tell me
who is that person?� �Sir, that person is such a person,
whose name itself says �Mar�, we call him a customer.�
�Sir, what did you say?� �I am absolutely right, sir.
He said, �Sir, that person is such a person, whose name is
�Mar�, we call him a customer, whose name itself says
�Mar�, we call him a customer.� �Sir, what did you say?�
�Sir, that person is such a person, whose name itself says
�Mar�, we call him a
customer.� �Sir, what did you say?� �Sir, that person is
such a person, whose name itself says �Mar�, we call him a
customer.�
You go to the shopkeeper and say, this is your tax, see for
yourself, I'll give you 1000 rupees.
Have you ever done this in your life?
You go to watch a film,
you have to pay tax on the ticket for the film.
The shopkeeper says, this is a 300 rupees ticket and you
have to pay tax on it for 500 rupees.
It's a 350 rupees ticket.
Have you ever fought in your life?
The boy who stands outside the ticket hall,
have you told him, I'll give you 300 rupees, not 50 rupees
for the tax.
Have you ever done this?
The tax component is being deposited by the government and
you, Bholeram,
you go and give him the money quietly.
This is what we call indirect tax.
He is not depositing it directly in the shop.
He is not depositing the tax directly from his pocket.
He is taking money from you indirectly.
He is taking money from you and depositing it to the
government.
And you are not able to do anything.
Sir, is there a solution for this?
There is no solution, my friend.
There is no solution.
This is why it is called indirect tax.
The biggest example of indirect tax in India is GST.
The biggest example is GST.
I think it has stopped.
No problem.
GST is the biggest example of indirect tax.
You go to buy anything.
You fill up GST and come.
You don't even know.
And that GST is basically your shopkeeper, supplier,
vendor, whatever you call it.
Tax is his liability.
He takes money from you and deposits it to the government.
Sir, this was the difference between direct tax and
indirect tax.
First we studied tax.
Then we saw the difference between direct tax and indirect
tax.
Now what we are doing is,
In the next few lectures, we are going to talk about the
biggest branch of indirect tax, GST.
What is GST?
When is GST imposed?
On whom is GST imposed?
On whom is GST not imposed?
We are going to talk about all these things.
Friends, I will stop this lecture here.
See you in the next lecture.
Thank you very much.